Greed

Silver

Galaxy

Bitcoin

Apple

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/silver-outperforms-bitcoin-with-impressive-comeback/" data-wpel-link="internal">Silver Outperforms Bitcoin with Impressive Comeback</a> 
Silver achieved an impressive comeback against <a href="https://en.coin-turk.com/bitcoin-and-ethereum-anticipated-breakout-backed-by-on-chain-data/" data-wpel-link="internal">Bitcoin</a> this year, surpassing the cryptocurrency as the 8th largest asset by <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> value after losing its position in March. According to CoinGecko, the world’s second most valuable metal has gained 33.4% since Bitcoin reached a record $73,737 on March 14, while Bitcoin has declined by 9.5% during this period. 
<h2 class="p1" style="text-align: justify" id="the-battle-between-bitcoin-and-silver-continues">The Battle Between Bitcoin and Silver Continues</h2> 
As a result, silver’s market value of $1.83 trillion is currently $500 billion more than Bitcoin’s market value of $1.31 trillion; this means that Bitcoin would need to increase by 40% to reach $93,000 to reverse silver’s current market value. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353339 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/mcap.webp" alt="" width="1378" height="342"> 
Bitcoin is currently the ninth largest asset in the world, following gold, <a href="https://newslinker.co/" data-wpel-link="exclude">Microsoft</a> (MSFT), Apple (AAPL), Nvidia (NVDA), Google (GOOG), Saudi Aramco (2222.SR), Amazon (AMZN), and Silver. According to Trading Economics, gold has also stood out with a 22.4% increase since February 13. 
It currently has a market value of $16.4 trillion. Industry experts are divided on how Bitcoin’s <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener nofollow noreferrer">price</a> will move after reaching an all-time high in March. 
<h2 class="p1" style="text-align: justify" id="what-awaits-bitcoin">What Awaits Bitcoin?</h2> 
Bitcoin analyst Dylan LeClair previously noted that Bitcoin tends to double within months after reaching new peaks, especially during halving events. However, Bitcoin currently has a much higher market value than in 2020, 2016, and 2012, making such an achievement more challenging. 
Galaxy Digital founder and CEO Mike Novogratz stated that Bitcoin would remain in a consolidation phase between $55,000 and $75,000 over the next month and potentially rise towards the end of the second quarter. Analysts at the cryptocurrency trading platform Bitfinex predict that Bitcoin could reach $150,000 within the next 12 months. 
Many industry experts cite spot Bitcoin exchange-traded funds and the post-halving effect as the main factors behind these high predictions. Bitcoin’s market sentiment score is currently 70 out of a possible 100, which indicates greed on the Crypto Fear and Greed Index. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-353338 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/fear-1.webp" alt="" width="1179" height="538"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/silver-outperforms-bitcoin-with-impressive-comeback/" data-wpel-link="internal">Silver Outperforms Bitcoin with Impressive Comeback</a></h5>

Silver Outperforms Bitcoin with Impressive Comeback

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